Years. And lots to come on the show. Two big ceo interviews on the back of earnings in a few minutes well speck to the owner of Outback Steakhouse blooking brands and later the ceo of boston beer will join us that stock surging after the truly hard seltzer brand helped boost sales. Looking forward to both of those interviews were down. 6 lets get to the big stories were watching meg tirell has more on the signing. And mike san totoli is joining s meg, let aers start with youen that executive order news. Hi. Drug pricing hasnt been in the conversation as much this year as the drug industry has been racing to develop vaccines and drugs for covid19 but the president reportedly planning to sign an executive order with a few different aspects on drug price this is afternoon. One could be allowing importation of drugs from canada where theyre price moored cheaply. Another could focus on tying prices to basket of prices from other wealthy countries. And a third could focus on providing free i
This is what they came up with me and you, buddy. Just us. Just us most days, we cover the whole gamut. It is not like they are going to miss out in terms of anything the yankees going to be good in houston, now a yankee you had max. I am learning how to bet baseball just taking the underdog does not work they know how to do this if you put up 30. You could win your 30 plus more than 30 if you bet on the underdog without a spread. The underdog always loses. I found a new way to lose. Well talk more about this a great game dodgers just kicked ass. It was weird did you watch any of it . It was a little weird all i saw was the clip of fauci with the opening pitch missing by too much. Who else did that i think it was 50 cent, as i recall it went straight left. I did that, i remember it is verydaunting everything going on in the world, the New York Post everything going on in the world. Got to embarrass the poor guy. Hes a doctor, not a baseball player glad we stalled a little. Already come
Backtracking on reopening plans. Wednesday, july 1. This is Worldwide Exchange here on cnbc good morning welcome to july, if you will hard to believe but it is already july 1 time flies it feels like about 100 years. First day of the month, quarter, second half of the year. Dow futures are not giving us many direction the markets are about to give us the best three months in decades and cap off a fourmonth win streak if you are looking for historical comparisons, here is how history shapes out the dow with the best quarterly performance. Nasdaq best quarterly gains. A look at the small caps they dont want to be left behind russell 2000 up 5 best quarterly gain since First Quarter of 1991. Apple soars higher apache led higher by 200 . Congrats to elon musk, tesla leading the nasdaq 100 it more than doubled in three months despite plenty of tesla stock skeptics it crossed over the 2 billion market cape for a bit yesterday. Let us make sure this is all coming in context. The dow coming of
Manufacturing, down 1. 3 million. Overall, whats striking is how fast we descended into a depressionlike situation and of course, we want to know how fast we are going to recover. White house economist larry kudlow will join us in just a few minutes. Is this as bad as it gets and whats the timetable for returning to growth . We will ask him. Before the news came out, the dow futures showed a gain of about 250 points. The moment we saw the numbers, dow futures were pretty much the same. We have now moved up a bit more. We are looking at a gain of 284 points but remember, these numbers were expected. They were already baked into stock prices. Stocks are up because investors are looking to the future, where the economys in recovery mode, and theyre looking at, what, 7 trillion worth of stimulus. That always goes down well on wall street. As we said, the dow up 280. The s p up 33. The nasdaq up 87. Lot of green despite the terrible numbers. Obviously, this is a big day for your money. Its
Like a market rather than an Amusement Park ride. The dow gaining over 200 points and the nasdaq climbing 1. 6 im calling it a refreshing p e pace the options are hanging in i think because the market already crashed. People dont get it. We went from down 29,000 to down 18,000 in a couple of weeks. February and march were hideous. Its okay april gave us a little bounce package good stocks and the railroads and even a casino. Las vegas sands. I didnt know you could go to one. Next week is a tougher one household names have run up substantially. Its going to be a true test were going to here from nxp semi theyre a chip maker with a window to apple. Listen to what they have to pay. I think they have too much auto exposu exposure, but its worth focusing onto for insight into apple. Pepsico reports on Tuesday Morning. We know cocacola saw adecline on soda post quarter because the restaurants shut down. Even as home consumption was up. Pepsico is more diversitied. They own frito lay, and whe